St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-04-27
YESTERDAYS MARKET.
On the Chicago Board Of Trade There
Was Moderately Free Selling by
Bull Leaders.
This Prevented Any Further Advance in
Wheat, Though the Temper Was
Quite Strong.
The Demand From Shorts On Out
side Account Was Reason
ably Brisk.
Transactions in the Financial Circles
of Wall Street--Genera1
Quotations.
Special to the Globe


CHICAGO, April 26.-Forty-seven boat loads
of wheat being reported taken for export at
New York and thirteen at Batimore-4SO,OOO
bushels-the wheat market. would have rallied
toward the close, probably for this, if FOR
no other reason. Irwin, Green Co. con-
Iinued their selling, but the crowd finally de-
cided that if one end of the clique had been
selling another had just as certainly been
buying. May wheat closed at S41ac, June at
$3.50. May corn at $500, May lard at $7.O21a,
May ribs at S715. The big selling of Irwin,
Green & Co. alarmed the crowd, as this SELL
ing began to look like unloading. 1t was
claimed that Kershaw & Co. were sellers. but
this was not plain to everybody, and the re-
suit was break of a cent in May and June
wheat and substantial decline that made
itself felt as far Off as September. May at l
o'clock was down to sac and June to SS1ac.
The news outside of the clique manipulations
was all bulliSh. Over thirty boat loads OF
wheat were reported
TAKEN FOR EXPORT
at New York and buying at Duluth was so
good evidently that that market advanced
approximately. Everything was calculated
TO make an outside holder happy, except that
one of the representatives of the big clique
was so iudustriously and pertinaciously
throwing over wheat for May delivery. Was
il a shake out or u sell out? was again asked
with as much nervousness as has already
been felt on ha lf-dozen occasions that have
looked similar, yet which after all might not
be exactly similar. The opening of negotia-
tion which has been looked forward to by
the bears as likely to help them, is pretty
certain to be of much greater aid to
the bulls. There started from
Chicago yesterday 324, 721 bushels of
wheat, from Milwaukee asa, $50 bushels, from
Toledo 165, 500 bushels, and from Detroit 292,-
592 bushels-a total of 1,237,413 bushels of
grain started toward the seaboard destined
for distribution and consumption. The
clearauceS from New York and Baltimore
yesterday were 14409S bushels. 1t is likely
that the next visible supply will be very
bullish figure, as it is the lEvarable result
that if great bulk of grain is started from
western depots toward the east large guam
1ity in some way or other drops out of sight
either by stopping at Canadian or milling
points. Cables were reported firm
THE ROUTINE REPORT.
CHICAGO. April 26.-Moderately free sell
advance in wheat to-day, though the prevail
ing temper was quite strong at times. The
market opened firm with May at S5c and June
at SAFE. The former advanced to S514c and
June rose to S43c. The demand from
shorts and on outside account was brisk,
and left to itself the market would undoubt-
eddy have made sharp advance. The mem
beers of the supposed bull clique were quite
free sellers, however, and the pressure of
their offerings caused May to decline to S41sc
and June to $500. The market ruled steady
at these figures and closed for the day q shade
higher, June at the close being only &c
lower than May. The clearingS from the sea-
board were 16S, 900 bu. The receipts of corn
were light, with large outward movement
and fair demand. Prices ruled stronger
early in the day, May advancing to 39c The
tone became fiat towards the close and the
speculative offerings caused a break of &c,
the market closing nc under Yesterday. Oats
were dull and featureleSS. Mess pork was
inactive. There was little interest manifested
q little easier.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. 2. April, opened at sac, clos
ing at $3.50; May, S5c, closing at SAC;
June, S4Ac. closing at s3Mc: July. s3Iac,
closing at 3s1ac: May, 3s5sc. closing at 3sssc;
June, 4O3sc, closing at 40Ac: July, 4O5ac,
closing at 41Ic. Oats-No. 2, April, 27Ac,
closing at 275Se; May, sS14c, closing at
291lc, closing at 2s1s@2sAc. Mess pork, per
barrel-April, 5000, closing at S20.5G; May,
SCI, closing at S20.75; June, SCOTS, closing
at S2O.75. Lard, per 100 pounds-April, S7.12%,
closing at S7.05; May, $7.121a, closing at
sos; June, $7.2211a, closing at S7.121S; July.
pounds-April, $7.S5, closing at S7.75; May,
$3.50, closing at S7.75; June. S7.971a, clos
ing at S7.s5; July, $500, closing at $7.95.
Cash quotations were as follows: Flour steady
and unchanged. Wheat-No. 2 spring, 500
S334c; No. spring, 740T5c: No. red, S31 &c.
Corn-No. 2. 3S@3S1sc. Oats-No. 2. 277a
Rye-No. 2, SIC. Barley-No. 2, 54@547ac.
Flax Seed-No. I, S1.O5. Timothy Seed
Prime, S16O@1 621a. Mess pork. per Dbl,
s2O.5D. Lard, per 100 lbs, sos. Short ribs
sides, loose, S7.75; dry sailed shoulders,
boxed, S6@6.1O; short clear sides, boxed,
SS-10@S.l5 Whisky, distllers' finished goods,
per gal, S1.1S. Sugars, cut loaf, 614@65ac;
granulated, &c; Standard "A,'' 55ac. Re-
ceipts-Flour, 1900 bbls; wheat, 175, 900 bu:
corn, $1,000 blu: oats, $4,000 blu; rye. 2,0OL
bu; barley, 1900 blu. Shipments-Flour,
$1,000 bbls; wheat, 1926, 900 bu; corn, 2.476, 900
bu: oats, $4,000 blu: barley, 10000 blu. On
the produce exchange to-day the butter
market was steadier; creamery, 17@23c per
u; dairy, 16@211ac. Eggs, 101a@11c per doz.